#1
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Swiss vs.Euro currency
Here is what i did and I will continue to add every 50 points against me. Bot 2 june Eurocurrency at.8777 sld 3 june SF at .6033 6033 times 3 (minus 8777 times two equals 545. Look for this trade to move to 400 or lower. |
#2
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Re: Swiss vs.Euro currency
Hi Dr Bill, Here's a site to look at a spread chart of the trade (1 to 1 ) May it work in your favor... http://www.britefutures.com/BFCharts/BFSpreadChart.asp |
#3
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Re: Swiss vs.Euro currency
Thanks, but the purpose is to keep the amounts dollar equivalent. Here are Fridays settlements. Swiss Franc = .6002 x 3 =18006 (sold) Eurocurrency =.8738 x 2 = 17476 (bought) ---------------------------------- 530 credit This credit should move down to 400 in the near term but I am willing to continue to scale up sell these packages.I have no mental or mechanical stop at the moment.I really believe the fair value is zero or a debit.I understand I may take a hit on these packages.That is part of trading. Here are the dollar equivalencies I mentioned . I only like the above trade as a spread or ratio as I described it. Euro .8738 x2 x125,000(IMM contract size)= 218,450 SF .6002 x3 x 125,000 = 225,075. |
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